LiveDog6

DMGI price compression needed

TSXV:DMGI   DMG BLOCKCHAIN SOLUTIONS INC
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DMGI after a big breakout and a big sell off it seems to be stablizing. I know a lot of people were hoping to see $4 again this week and I just don't see it happening. Downward pressure remains and price compression is needed for another breakout to happen.

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Yeah no problem, I probably need to make another to clean it up a bit, I use green as support, red as resistance. Don’t really have a timeline as there is a lot of downward pressure happening right now, need to wait for the trend to reverse.
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jarchibald LiveDog6
@LiveDog6, does that mean it's going lower still? or just that it will sit here for awhile.
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LiveDog6 jarchibald
@jarchibald, It’s possible, seems the 50 sma is acting as support right now, if that breaks down for sure going lower. Wouldn’t be buying anything until MACD turns upward.
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ozkan456 LiveDog6
@LiveDog6, got it now, thanks
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Thanks for your analysis on this. Can you briefly explain what the values of 1.87 and 2.43 are on your chart and if your analysis can predict a timeline for the consolidation and breakout, thanks in advance
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Volumes trading are too low currently
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